Aid ImenDec 17, 2021 · 3 years ago2 answers How does contagion affect the value of cryptocurrencies?
Contagion refers to the spread of negative sentiment or events from one market to another. How does contagion affect the value of cryptocurrencies? Specifically, how does negative sentiment or events in traditional financial markets impact the value of cryptocurrencies? Are cryptocurrencies seen as a safe haven during times of financial contagion or do they also experience a decline in value? What are the factors that contribute to the contagion effect on cryptocurrencies?